I see it all the time. People complain that they cannot make money online no matter how hard they work at it. Or the flip side of this are the people that think they can easily make millions of dollars online with little work.
Even if you do fall into one of these categories of people, it is good once in a while to review what you are doing to see if there areas that you can improve on to increase the results of your online marketing effort.
Today I look at 35 top reasons people fail and what to do about each so you too can succeed like millions of other online marketers who are making very good money online.
Let’s get started…
35 REASONS WHY YOU ARE FAILING AT INTERNET MARKETING
Remember that Internet marketing is not any different from other business that you start. If you are going it alone the same obstacles and challenges that you find in any other business are there.
The only difference is the setting – your business is internet based as opposed to a bricks and mortar operation. In some cases it will be a combination of both, in that you sell physical products online
If you have tried sales in the past and not had success, do not think that you can sell online without making some changes that were keeping you from selling before.
You have to do an honest review of your actions and become a better business person, taking cues and guidance from others that are succeedingplus look at your basic business practices to improve them.
Failure # 1 – Your Attitude
Remember that in business, you are always in competition with others that are selling products, and often ones that are just like yours.
If you start out with the wrong attitude, you have lost to that competition before you start.
Think of it like a game or a sporting contest. You do not start the game by thinking you are going lose, right? If you do fall behind while playing the game, you don’t just quit or stop playing.
When you play that game you make your best effort to the very end, taking action to raise your score and try to beat the other teams or players. The game can always be turned around in your favor, right up to the last minute.
In that light, it is the same attitude as when playing a game that you must use when you enter the internet marketing sales world. If you think you will fail, you will.
Also just like a game, if you fail to plan to win, you are planning to fail.
How many people do you know that make excuses why they didn’t or couldn’t do something. They had these excuses ready from the start “just in case” they failed.
I say that in reality they were planning to fail! They never had the right attitide to do the thing they said they were going to do. In reality their excuses they readied became like a self-fulfilling prophecy.
Their failure began the moment they didn’t believe in themselves and prepared the excuses.
Remember that as with any business, there will be good and bad times, and you will not always have instant or massive success with online marketing. Take the long term view, believe in yourself, and stick to your work plan and your business plan.
Failure # 2 – Overestimating Strengths and Underestimating Weaknesses
Every business is a reflection of the owner who creates it, and Internet marketing is no different. If your strength is in structuring a product lineup and not in sales, then you have to get people on your team who can cover the weakness, while you cover the strength.
Sit down right now and carefully assess any businesses you’ve created in the past. What were you good at? What did you fail at? Learning from failure is the key to success.
Those people who fail to learn from their mistakes, as it is said, are doomed to repeat them.
Therefore, you already have a fertile history of what types of obstacles you might encounter in this new venture, and can prepare an alternate plan to get you past them even before they occur.
False Expectations Can Trip You…
If you’ve heard that you can make BIG money on the Internet, it’s true. You can. Will you make it immediately? While some people appear to have done so overnight, the truth is that they have gathered those skills over time until, one day, it all came together for them.
If you think that all you have to do to make money on the Internet is to put up a website and wait for people to show up, you have a set of false expectations that are completely unrealistic.
Here are the three biggest misconceptions to Internet marketing that will only lead to disappointment if they’re not tempered with some common sense.
Failure # 3 – Thinking That When Starting An Online Marketing Business You Can Immediately Quit Your Day Job
In the time I have been in the online marketing field, I cannot tell how many people have told me of their intent to quit their jobs as soon as they have a website up and running.
Here is my advice to these people always: If you have a job, keep it, at least until you have replaced the income with online sales that you were making at that job.
It takes some time to lerrn all the ins and outs of internet marketing, and it is best if you learn it and work it as a side business until your efforts are producing sizeable income for you.
If you have a steady source of income already, of course then you cn quit that job. I still would recommend setting some monetary goals for your online business, realistic ones that you can attain.
As you get started and do reach the modest goals you hopefully have set for yourself, then you can increase these goals. Over time, as your income increases more and more, then quite that job!
Failure # 4 – You Believe That Online Marketing Doesn’t Take Much Time To Learn
I am not a newbie in online marketing business anymore. Over the past 15 months I have been frantically taking a lot of courses and tutorials that have provided me a good base for being able to have success at online marketing.
It has been a long joourney and the time has gone fast, because I really enjoy working in this field. Because I like it, it seems less like school and more like exploring how better to conduct onlne marketing.
The point is that there is a LOT of information to know and you will not learn it all in a week, or by working 30 minutes a day. You need to commit to a set amount of time that you will regularly spend working the online business.
Plan what it is that you need to get done and wheat you would like to get done in the time alloted, then plan on interim goals you will achieve and complete. Then start working that plan. Regularly.
Expect that this work and time will be required before you make a single penny and be ready for that. This business is a good way to make a decent income, but only if you have a good base and sepnd the effort to make it that way.
Failure # 5 – Thinking “If I Build It They Will Come”
In the early days of internat marketing, this was more often than not the case. It was all new and you could literally do almost anything and make some good money online.
Today the Internet is full of competing sites for most niches. People visiting these sites are much more savvy than they were even 5 years ago.
So do not expect that you can just put up a blog or a website and watch people flock to it and buy everything you are selling on it.
The more realistic scenario is that you will get one or two visitors a day through organic searches, and little to no sales. This is when you start thinking about traffic.
That’s also where learning the art of marketing starts…
Failure # 6 – You Try To Be Too Perfect
Repeat after me: You do not have to be perfect in everything that you touch to start making progress with your online marketing business.
There are some essentials however…
You do need a solid niche and an online presence of some type to expose niche members to your offerings, so you will have to drive traffic that is targeted to your chosen demographic.
Remember that as nice as it might be to have a fancy, colorful, and perfect looking website, it’s simply not as important as having a good marketing plan that drives traffic to that site.
So instead of wasting tons of cash putting up a very complex site that looks wonderful, think more in terms of getting up a simple, fast to build site.
It could be that you will want to try several niches to see which will work best for you. Havinf sites that can go up quickly will save you lots of time and effort.
Then you also do not have so much invested and can without remorse switch to another niche if it is indicated.
Failure # 7 – You Select A Dead Niche
This is a mistake I have seen many make. They have a passion in one niche or another, and do not do any research to see if there is money to be made in it.
They spend a lot of time making a decent website, more time adding good content to the site, and then expect they will make lots of money.
Because they only researched the market for that niche AFTER they did all that work and got zero results, they ended up wasting a lot and having to start over again with another niche.
So I recommend that you research any niche prior to spending a lot of time, money and effort on it. Do this research before you pick a domain name that will support your niche you will target.
Doing this you also will have a good idea of just how much success you can reasonably expect and what kind of money there will be for your work. You can avoid those loser niches totally.
When researching a niche that is of interest to you, you can start by checking the competition quickly. Just entering some search terms related to the niche on Google search, you will get all kinds of results.
Look through some of these results, and then check them out on quantcast.com or another site that will give you some of the demographics the site has and you can judge whether or not the niche can attract a sufficient level of traffic so you know that you can reasonably expect to be able to market and monetize the niche.
As you do the research look at the kinds and prices for products that people are buying in the niche. Will these sales support what your goals may be? Do you have a unique way to market to the members of the niche? Once you have done such research and found a fewe niches, then look to see what kind of domain names are available.
Failure # 8 – Your Domain Name Is WHAT?
You want to get a domain name that is descriptive of your niche and also a top-level domain name (TLD) that is easily remembered, has a catchy tone to it, and isn’t easy to misspell.
Try to avoid using hyphens and other odd characters as these are very hard for people to remember. Also, make the domain all one word. Go to GoDaddy, NameCheap, Hostgator or similar to see if the domain name is available.
As you select a domain, consider also the hosting you will need for your website and maybe you can get a package to buy the domain host your website too. There are lots of options, so spend some time looking at them and select the best one for your needs…
Failure # 9 – You Proudly Save Pennies On Hosting While You Lose Thousands In Sales
There are multiple Web hosts out there that offer packages for a basic website with limited e-commerce, and they step up to include that service too.
While you’re learning how to do this whole website thing, it is better for you to grab a package that puts up a website pretty quickly without too much of a learning curve on your part. You can do that by setting up a blog, which anyone can do, using WordPress.org.
Hosting sites like Dreamhost.com will give you instant installations of the most popular website packages without having to learn a single line of code.
Pay upfront for one year, and you avoid extra charges, including setup fees, in some cases. This way, you won’t be billed on a monthly basis, and if the website fails, you can simply let it expire and move on to a more profitable one.
Failure # 10 – You Do Not Understand What Makes A Good Website
If you’re still stumped about what to do to get a website up and need a little HTML training, why not get someone to show you? There’s no reason you have to go it alone for this entire process, and what you don’t know, you should hire out.
The idea is to get as many of these basic sites up as you can reasonably manage and leave them somewhat basic until you know whether you can drive enough traffic to them to make them profitable.
Don’t worry if they don’t look perfect; just get them up quickly. If you’re worried about looks, just check out Twitter. It has got one of the most basic and ugliest interfaces around, yet there are millions of users on this site.
You do want your site to look professional, but not so perfect that you spend a fortune getting it there. Keep it simple, put them up quickly, and get it done fast.
Failure # 11 – You Do Not Add New and Useful Content Frequently Enough
Once it is up, you need to update the content fairly frequently to keep people coming back to your site. If you only update once a month, people will quickly forget to check back with you, and you will lose traffic instead of gaining it.
If you get writer’s block and just don’t update the content on your site, you risk the chance of letting your site go stale. You can hire ghostwriters to add content to your blogs and websites for a small fee.
Failure # 12 – You Think You Do Not Need SEO
Learn what you can about Search Engine Optimization (SEO). This way, when you hire someone to write content, it can include SEO techniques to make it search engine friendly by adding keywords that attract visitors to your site and that make you money.
This is the very first step to optimizing your site so that it becomes not only popular, but a moneymaker. Without a plan to make money from the site, it will never be a success in Internet marketing.
Failure # 13 – You Have No Idea How To Make Money Online
In a brick-and-mortar store, all a business owner does is set out his/her merchandise, do a little advertising, and if he/she got a good enough location, buyers will come.
Taking this approach is deadly online. Not having a solid plan to make money with the site was a main reason for the biggest failures of the dot-com bust, and is still a big mistake for beginners.
How do you expect to make money from your website? Internet marketing is about making money, so if you haven’t got a plan, you are planning to fail.
Failure # 14 – You Are Selling Lousy Products or Services
The first idea that comes to mind for ways that business owners can make money is to offer a product or service…
You should include your products and services on your website, as well as include those affiliate offers that give you commissions for sales of other people’s products and services on your site.
You have to be a bit selective on the types of products and services that you offer on your site so that they match the demographics of the people visiting you.
You can’t market very high-end products to low-income people. Always keep your demographics in mind when picking the products and services that you will offer.
Failure # 15 – You Are Not Offering Enough Products or Services
If you only offer one or two products, once your audience buys these, what happens next?
Make sure you have many products and services in your lineup so that no matter how much your audience buys, there’s always something new to consider purchasing.
Having too few offers is one of the many ways in which you can fail to achieve significant income with your site.
Failure # 16 – You Are Selling Things You Have No Idea About
Be very careful when you start listing affiliate offers in your lineup of products and services. Your reputation is on the line, even if you’re not the one providing the product and are just the salesperson making the offer.
The best offers to put up on your site are those that you have some experience with or have a good deal of confidence in the person selling them.
You don’t want to put up offers that end up resulting in fraudulent claims and/or that make your customers unhappy. You will be the one that ends up with the blame, not the unknown product creator or provider.
Your site is representative of your good name. Take pains to keep your reputation as clean as possible and listen closely to customer feedback on affiliate offers. Remove any that fail to live up to their rhetoric.
Failure # 17 – You Are Not Looking At All The Options To Make Money
Selling products and services is just one way to make money online. You may even find that it’s not the biggest portion of your income if your site gets very popular.
Try to expand your moneymaking capabilities so that you aren’t limiting yourself to a brick-and-mortar model of selling only a product or a service.
People make money online in many different ways. It’s important to understand these models and to implement them to expand the ways to increase your income potential.
Failure # 18 – You Are Not Tapping All the Revenue Streams Affiliate Marketing Offers
When first getting into affiliate marketing, you will see many pay-per-click or pay-per-sale models available to choose from within your affiliate network, the most popular being the Google AdSense PPC program.
These offers depend on people coming to your site and clicking on the links you set up. A pay-per-click (PPC) offer will pay you at most a few dollars for the click, and usually a few cents for each time a person clicks a link.
A pay-per-sale will pay a percentage commission that depends on the affiliate offer, but is much harder to generate due to the action requested, completing a sale.
Along with PPC offers, there are cost-per-action (CPA) affiliate offerings that can generate income from your site.
These offers pay out much better than PPC and only ask that a specific action be taken by the visitor, which can be to fill out a survey, add their email to a registration form, or opt-into a newsletter.
The action can also be a sale, but there are many CPA offers that are looking just for sales leads, not for actual sales. These are far easier to market on your site and lead to more income because a visitor isn’t being asked to purchase anything.
Rather they may be asked just to complete some action that will eventually put money in your pocket, even though it’s not directly obvious to the visitor.
Failure # 19 – You Are Not Open To Exploration of Other Ways To Make Money Online
You can also make money via advertising space on your website.
If the site becomes very popular, advertisers will line up to put their ad or banner on your page and give you a monthly stipend for that exposure.
This can happen with traditional websites and with blogs too. That’s just another way that you can exploit the website you have to create income without doing much additional work.
You can make money by putting up search engines that pay for every time that someone searches your site.
You can also set up a membership area where special content is given to members for a monthly fee.
You can offer discount coupons on your site to your offline businesses and reduce the cost of printing offline, thus creating more money in your retail budget.
There are many ways to make money online that are different than what you currently know.